Business
NG ENERGY ANNOUNCES SIGNIFICANT NEW GAS DISCOVERY IN SINU-9 BLOCK IN COLOMBIA
NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to report positive results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the María Conchita Block, and the graduation of the Company's common shares (the "Common Shares") to the Toronto Stock Exchange (the "TSX"), effective April 30, 2026. NGE holds a 39% non-operating working interest in Sinu-9 and operates the María Conchita Block with an 80% working i
About this update from Ng Energy International Corp
[{"type":"list","items":[{"val":[{"type":"text","content":"Pre-CDO–San Cayetano interval discovered during drilling of the Hechicero-1X well with a net pay of 103 ft. Initial well tests from this interval delivered a production rate of 26.4 MMcf/d on a 43/128 choke with 1,800 psi well-head pressure.","length":241,"tagName":"p"}]},{"val":[{"type":"text","content":"Natural gas also confirmed through electric log analysis at multiple intervals within the shallower CDO formation and Porquero formation, with a net pay of 288 ft and 149 ft respectively, which is consistent with results at the Magico-1X and Brujo-1X wells.","length":257,"tagName":"p"}]},{"val":[{"type":"text","content":"Current transportation capacity of 30 MMcf/d at Sinu-9 is anticipated to be filled by the combination of Hechicero-1X and the wells already on production. The initial 18-kilometre pipeline loop is expected to increase capacity to 40 MMcf/d by the end of May 2026. ","length":263,"tagName":"p"}]},{"val":[{"type":"text","content":"Drilling of the Aruchara-5 well is on schedule and on budget at María Conchita. ","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company received a scheduled US$42.5 million cash payment from the M&P transaction in April 2026, with an additional US$42.5 million to be received in July 2026, and remains fully funded for all ongoing capital projects. ","length":228,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company has received C$7.4 million in cash from warrant and option exercises since the beginning of the year. ","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Trading on the Toronto Stock Exchange to commence on April 30, 2026. ","length":68,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1249,"olType":false},{"type":"text","content":"CALGARY, AB, April 28, 2026 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to report positive results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the María Conchita Block, and the graduation of the Company's common shares (the "Common Shares") to the Toronto Stock Exchange (the "TSX"), effective April 30, 2026. NGE holds a 39% non-operating working interest in Sinu-9 and operates the María Conchita Block wi...